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Business, 05.06.2020 21:00 persis52

Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. Rounding to the nearest dollar, ending inventory at base-year retail prices would be .

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Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage...
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